State Street Global Advisors (SSgA)announced that it has been selected by Gallaher Pensions Limited to run a GBP 50 million active UK equity mandate.
The mandate’s objective is to target performance of 2% over the FTSE All-Share Index. The U.K. Alpha strategy uses a quantitative, risk-controlled security selection process.
Julian Rose, pensions manager for Gallaher Pensions Limited, said: “We selected State Street Global Advisors to manage this mandate based on its strong quantitative processes and experienced professionals.”